§ 6-3-2-1-5

(b) Each entity owner shall be entitled to a refundable credit in an amount equal to the amount of tax under this chapter credited to the entity owner.(c) All other credits arising from the operations of the electing entity, or which are passed through to or assigned to the electing entity, shall pass through to the entity owners as provided in this article or IC 6-3.1 and shall not apply to the tax imposed in section 4 of this chapter. All such other credits shall apply before the application of the pass through entity tax credit. This subsection also applies to pass through entities that pass the tax under this chapter through to their owners. However, this subsection shall not limit the ability of an electing entity or pass through entity to claim credit for taxes withheld or paid on the entity's behalf.As added by P.L.1-2023, SEC.5.